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Voyager Innovations

“Can a PLDT-incubated wallet evolve into the Philippines' dominant consumer + SMB digital bank by layering credit, savings, and crypto on top of payments rails?”

Founded2013
HQMandaluyong City, Philippines
Total raised$713M
Latest round$210M (2022, led by SIG Venture Capital)
Valuation$1.4B (2022)
IndustryFintech / Neobank
The story

Voyager Innovations was spun out of PLDT/Smart in 2013 to commercialize the Smart Money/PayMaya mobile wallet franchise. After raising heavily from KKR, Tencent and IFC in 2020-2021, it pivoted from being purely an e-wallet operator into a full-stack digital bank by securing a BSP digital bank license for Maya Bank. The 2022 rebrand consolidated PayMaya + Maya Bank into a single 'Maya' consumer brand, with Voyager Innovations as the holding/platform parent. Today the strategy is to layer credit (Maya Flexi Loan, Paleng-Kita), savings, crypto, and insurance on top of payments-driven engagement.

Last 12 months
2025-05
Product timeline
2013
Voyager Innovations founded as PLDT/Smart digital innovations arm· founding
2016
Smart Money rebranded as PayMaya e-wallet· pivot
2021
Maya Bank secures digital bank license from BSP· banking
2022
PayMaya rebranded as Maya; raised $210M at $1.4B valuation; Maya Bank launches savings/credit· banking
2022
Added cryptocurrency, micro-investments, and insurance products· lending
2025
Launched Paleng-Kita credit program for market vendors and transport drivers· lending
Regulated entities
1
regulatory licence held by Voyager Innovations
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Voyager Innovations’s embedded-finance stack
Payments / PSP
Maya / PayMaya (self-operated)Maya Business acquiring (self-operated)
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Accounting gap: none
6 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.